New search
Property profile & analytics
FOR LEASE
Commercial real estate
100 District Ave, Burlington, MA 01803
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-1571482
For Lease
1 / 2
$30 SF/Yr
100 District Ave, Burlington, MA 01803
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Construction
STEEL FRAME
Total area
85,259 SF
Lot
4.88 ac (212,782 SF)
Zoning code
PD
APN
BURL M:000046 P:000043
UPID
US38-1571482
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.65M
Comparable Approach
Comparable
$18.09M
Blend (final)
Blend
$18.32M
Owner & transaction history
Neep Inv Holdings LLC · 13 yrs held
Neep Inv Holdings LLC
since 2013
3 recorded transactions
Zoning & alternative use
PD · Burlington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.8M
+12.4%
Auto repair, garage
$24.0M
+8.9%
Neighborhood: shopping center
$23.6M
+7.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,445,000
6.5%
$21,645,000
7%
$20,095,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$22,030,000
Current use
RESTAURANT
$24,750,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$23,995,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$23,625,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$22,985,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$19,645,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$18.32M
Range $16.49M – $20.15M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$215 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$518,804
Tax year 2020
Assessed value
$22,809,800
Assessed 2024
Previous assessed
$22,809,800
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$4,912,700
Assessed improvement
$17,897,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
3
Units
4
Bathrooms
24
Total area
85,259 SF
Lot
4.88 ac (212,782 SF)
Zoning code
PD
APN
BURL M:000046 P:000043
UPID
US38-1571482
Jurisdiction
BURLINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
PD · Burlington, MA
Zoning PD · permitted uses
PD · Burlington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$22.0M
RESTAURANT
Est. value
$24.8M
AUTO REPAIR, GARAGE
Est. value
$24.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.6M
RETAIL STORES
Est. value
$23.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
3
Units
4
Bathrooms
24
Lot
4.88 ac
Current owner
From public records · entity-resolved
Neep Inv Holdings LLC
Entity
Mailing address
2310 WASHINGTON ST, NEWTON LOWER FALLS, MA 02462-1449
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2013
$204,000,000
Neep Inv Holdings LLC
Ma New Negland Ex Park
Quit Claim Deed
$150,000,000 · Bank Of America
Apr 20, 2007
—
New Eng Ma Executive
—
Deed Of Trust
related
$999,999,999 · Bank Of America
Nov 15, 1996
$75,000,000
Beacon Prop LP
Lot 34 T
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
